Coherent Corp. (COHR)
Summary
Optical Stocks Extend Slide as Money Rotates Into Defensives: Applied Optoelectronics Falls 6%, Coherent Drops 7%, Lumentum Slips 5%
Optical suppliers tied to the artificial intelligence (AI) data center buildout are extending their slide as money shifts into defensive sectors. Applied Optoelectronics (NASDAQ:AAOI) stock is down 6% to $80.97 in early trading, leading the group lower.
Coherent Has Massively Diappointed Investors for 6 Months: A Respected Analyst Predicts It Will Double Moving Forward
Coherent keeps beating earnings estimates while its stock slides further from a 52-week high, and now Wall Street's most bullish analyst has a target that implies shares could nearly double from here.
Can Coherent's AI Data Center Expansion Fuel Long-Term Growth?
COHR is expanding AI data center capacity and advancing optical technologies as demand grows for faster, more energy-efficient connectivity.
Coherent Corp. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 2,347 | $563,767.1 | $588,158.2 | $24,391.1 | 4.33% |
| LC Lisa Candera CIGNA INVESTMENTS Inc. /NEW | 1,703 | $335,925.55 | $400,085.79 | $64,160.24 | 19.1% |
 Curtis Ellergodt Rothschild Investment LLC | 1,095 | $400,254.86 | $288,335.41 | -$111,919.45 | -27.96% |
 Dodge & Cox Dodge & Cox Funds | 544,160 | $27.68M | $129M | $101.31M | 365.95% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 107,395 | $42.36M | $28.28M | -$14.09M | -33.25% |
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Coherent Corp. Profile
| Automobile Components Industry | Consumer Discretionary Sector | James Robert Anderson CEO | NYSE Exchange | 19247G107 CUSIP |
| US Country | 51,478 Employees | 17 Dec 2012 Last Dividend | 27 Jun 2011 Last Split | 26 Mar 1990 IPO Date |
Overview
Coherent Corp. is a global leader in the development, manufacturing, and marketing of engineered materials, optoelectronic components, and devices. The company has a broad reach, serving customers worldwide through its two operational segments: Compound Semiconductors and Photonic Solutions. Initially founded as II-VI Incorporated, the entity underwent a name change to Coherent Corp. in September 2022. With its roots going back to 1971, Coherent Corp. is headquartered in Saxonburg, Pennsylvania, and caters to a wide array of industries including aerospace and defense, medical, industrial, optical communications, electronics, and instrumentation. The company is dedicated to innovation in the photonic sector, providing critical components and solutions for equipment manufacturers, system integrators, government prime contractors, and agencies, as well as for the industrial and consumer electronics markets.
Products and Services
- Compound Semiconductors
This segment delivers optical and electro-optical components and materials tailored for use in various types of lasers including CO2, fiber, and direct diode lasers mainly for material processing applications. Coherent Corp. also provides infrared optical components and high-precision optical assemblies designed for demanding sectors like aerospace and defense, medical, and commercial laser imaging. Additionally, the segment offers semiconductor lasers and detectors for optical interconnects and sensing applications, alongside engineered materials suitable for thermoelectric, ceramics, and silicon carbide applications, and compound semiconductor epitaxial wafers for optical and wireless communication use.
- Photonic Solutions
The Photonic Solutions segment focuses on the manufacture of transceivers for high-speed data transmission in data centers and telecom optical networks, along with pump lasers, optical amplifiers, wavelength selective switches, and various advanced components for telecom networks. It also specializes in the production of crystal materials, optics, lasers, and optoelectronic modules for a broad spectrum of applications, including optical communications, life sciences, and consumer electronics markets.
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